EXAG.DE vs. SLVR.DE
EXAG.DE (WisdomTree Enhanced Commodity ex-Agriculture UCITS ETF (EUR Hedged) Acc) and SLVR.DE (WisdomTree Silver) are both exchange-traded funds - EXAG.DE is a Commodities fund tracking the Morgan Stanley RADAR ex Agriculture & Livestock Commodity (EUR Hedged), while SLVR.DE is a Silver fund tracking the Bloomberg Silver Subindex. Both are passively managed. Over the past 3 years, EXAG.DE returned 18.34%/yr vs 45.36%/yr for SLVR.DE. A 0.52 correlation means they provide meaningful diversification when combined. EXAG.DE charges 0.60%/yr vs 0.49%/yr for SLVR.DE.
Performance
EXAG.DE vs. SLVR.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXAG.DE achieves a 23.44% return, which is significantly higher than SLVR.DE's 1.99% return.
EXAG.DE
- 1D
- -1.00%
- 1M
- -3.06%
- YTD
- 23.44%
- 6M
- 33.80%
- 1Y
- 60.10%
- 3Y*
- 18.34%
- 5Y*
- —
- 10Y*
- —
SLVR.DE
- 1D
- 0.14%
- 1M
- 2.46%
- YTD
- 1.99%
- 6M
- 17.62%
- 1Y
- 93.81%
- 3Y*
- 45.36%
- 5Y*
- —
- 10Y*
- —
EXAG.DE vs. SLVR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EXAG.DE WisdomTree Enhanced Commodity ex-Agriculture UCITS ETF (EUR Hedged) Acc | 23.44% | 32.86% | 1.21% | -10.04% | -8.46% |
SLVR.DE WisdomTree Silver | 1.99% | 147.57% | 21.38% | -4.72% | -10.71% |
Correlation
The correlation between EXAG.DE and SLVR.DE is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since May 9, 2022 | 0.52 |
The correlation between EXAG.DE and SLVR.DE shifts across timeframes, from 0.38 (1 year) to 0.52 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EXAG.DE vs. SLVR.DE — Risk / Return Rank
EXAG.DE
SLVR.DE
EXAG.DE vs. SLVR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Enhanced Commodity ex-Agriculture UCITS ETF (EUR Hedged) Acc (EXAG.DE) and WisdomTree Silver (SLVR.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| EXAG.DE | SLVR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.29 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 5.01 | 3.06 | +1.95 |
| Martin ratioReturn relative to average drawdown | 17.27 | 7.37 | +9.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EXAG.DE | SLVR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.73 | 1.85 | +0.87 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.68 | -0.16 |
Drawdowns
EXAG.DE vs. SLVR.DE - Drawdown Comparison
The maximum EXAG.DE drawdown since its inception was -35.04%, which is greater than SLVR.DE's maximum drawdown of -31.33%. Use the drawdown chart below to compare losses from any high point for EXAG.DE and SLVR.DE.
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Drawdown Indicators
| EXAG.DE | SLVR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.04% | -31.33% | -3.71% |
Max Drawdown (1Y)Largest decline over 1 year | -11.94% | -30.51% | +18.57% |
Max Drawdown (3Y)Largest decline over 3 years | -15.69% | -30.51% | +14.82% |
Current DrawdownCurrent decline from peak | -6.47% | -24.02% | +17.55% |
Average DrawdownAverage peak-to-trough decline | -21.25% | -12.66% | -8.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 12.69% | -9.22% |
Volatility
EXAG.DE vs. SLVR.DE - Volatility Comparison
The current volatility for WisdomTree Enhanced Commodity ex-Agriculture UCITS ETF (EUR Hedged) Acc (EXAG.DE) is 5.02%, while WisdomTree Silver (SLVR.DE) has a volatility of 17.06%. This indicates that EXAG.DE experiences smaller price fluctuations and is considered to be less risky than SLVR.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXAG.DE | SLVR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.02% | 17.06% | -12.04% |
Volatility (6M)Calculated over the trailing 6-month period | 19.08% | 41.25% | -22.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.98% | 50.34% | -28.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.80% | 38.29% | -17.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.80% | 38.29% | -17.49% |
EXAG.DE vs. SLVR.DE - Expense Ratio Comparison
EXAG.DE has a 0.60% expense ratio, which is higher than SLVR.DE's 0.49% expense ratio.
Dividends
EXAG.DE vs. SLVR.DE - Dividend Comparison
Neither EXAG.DE nor SLVR.DE has paid dividends to shareholders.
Frequently Asked Questions
EXAG.DE and SLVR.DE have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SLVR.DE is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SLVR.DE is cheaper with a 0.49% expense ratio, compared with 0.60% for EXAG.DE.
EXAG.DE is categorized as Commodities, while SLVR.DE is Silver. EXAG.DE tracks Morgan Stanley RADAR ex Agriculture & Livestock Commodity (EUR Hedged), while SLVR.DE tracks Bloomberg Silver Subindex. Their fees differ too: 0.60% for EXAG.DE and 0.49% for SLVR.DE.
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